Author Archives: Matt Carter

Endpoint rolls out enterprise-wide closing solution for proptechs

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The new suite of APIs automatically opens orders, tracks transaction status, exchanges documents and provides custom reporting features and notifications. Continue reading →

Knock unveils new plan to help homebuyers reduce mortgage rate

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Interest-free home equity advances to Knock Home Swap clients can be used to buy down mortgage rate or make a bigger down payment. Continue reading →

Home prices down from peaks in quarter of nation’s top 50 markets

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Falling sales are driving inventory growth, bit it will take more than a year at the current rate for listings levels to get back to normal, according to Black Knight’s latest monthly Mortgage Monitor Report. Continue reading →

Study: Homeowners often miffed if lenders outsource servicing

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J.D. Power’s annual Mortgage Servicer Satisfaction Study finds customer satisfaction is 26 percent higher when mortgages are originated and serviced by the same company. Continue reading →

Sagent to power loan servicing for Bank of England Mortgage

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The Arkansas-based lender will use Sagent’s servicing solutions to collect monthly payments from borrowers and manage loans when homeowners get behind on their payments. Continue reading →

Ribbon slashes one-third of workforce to adjust to ‘new reality’

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After expanding into eight new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an “achievable path to profitability.” Continue reading →

Fed’s steady approach to rate hikes could ease pressure on mortgages

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Fed Chairman Jerome Powell hinted Wednesday that the U.S. central bank is looking to dial back the pace of interest rate hikes as soon as the impact of previous increases shows up in inflation data. Continue reading →

Rate Drop Advantage program offers homebuyers a break on refis

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If rates come down in the next three years, Rocket Mortgage’s program will cover some refinancing costs including first appraisal, credit report, tax certification and the mortgage recording fee. Continue reading →